LOS ANGELES (dpa-AFX) - Occidental Petroleum Corp. (OXY) reported second quarter net income to common stock of $176 million or $0.23 per share compared to $1.4 billion or $1.82 per share, last year. core income for the second quarter of 2015 was $165 million or $0.21 per share.
On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $3.51 billion from $5.71 billion, a year ago. Analysts expected revenue of $3.65 billion for the quarter.
Total company average daily oil and gas production volumes increased by 78,000 barrels of oil equivalent to 658,000 BOE from 580,000 BOE in the second quarter of 2014 for continuing operations.
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